VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/12/13 -- Centurion Minerals Ltd. (TSX VENTURE: CTN) ("Centurion", "the Company") is pleased to announce that it has signed a memorandum of understanding ("MOU") agreement with Eternal Gold Mining Co. Ltd, ("Eternal") to explore and develop the Ba Mauk gold project in Sagaing Division, central Myanmar. Eternal is one of the largest private Myanmar gold mining producers and operates multiple gold mines and exploration projects in the nation. Under the terms of the MOU, Centurion will act as operator and oversee the exploration activities and assessment of the resource potential of the 22,000 acre Ba Mauk gold project.
Ba Mauk is located in the northern tip of the north-trending, western volcano-plutonic belt that hosts the highest concentration of gold mines and prospects in Myanmar. Gold mineralization at Ba Mauk that occurs within massive pyrite-quartz tension vein arrays has to date been reported to occur within ten underground tunnels (adits). The adits range from 40 metres (m) to 140 m in depth and encompass an area approximately 1,000 m long by 300 m wide. Current exploration is reported to be expanding the northern and southern extensions of the mineralization.
"We are very pleased to have the opportunity to partner with an experienced, successful local Myanmar mining group, in this prospective gold project," said Alfred Lenarciak, Centurion Chairman.
Centurion Minerals Limited is a Canadian-based company focused on the exploration and development of gold and other precious metal projects in Southeast Asia.
On Behalf of the Board,
David G. Tafel, President and CEO
This news release may contain forward looking statements concerning future operations of Centurion Minerals Ltd. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Centurion Minerals Ltd.
President and CEO
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